Cold Plasma Market Will Grow at a Healthy CAGR by 2023 | Baxter, Ethicon, 3M Company, Coloplast

Cold plasma, also referred to as non-equilibrium plasma or non-thermal plasma is a classification of plasma, and is considered as the fourth state of matter. It has numerous applications in bioengineering, medical, and therapeutics. Cold plasma is used for sterilization of biomedical surfaces, treatment of living biological tissues, and surface modification of biomedical devices and materials, owing to its antimicrobial & bactericidal properties.

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The global cold plasma market is driven by less requirement of water for the process reducing the wastewater treatment cost; medical applications, such as enhancement of tissue repair, control of bleeding, destruction of cancer cells; and its application in packaging industries.

However, huge capital incurred for implementing cold plasma technology is a key hindrance for the market. Conversely, the growing need for medical research for developing treatment of lung, bladder, skin, and breast cancer offer lucrative opportunities for the market growth.

The key players operating in this market include Ethicon, Inc. (Johnson & Johnson), Baxter International Inc., 3M Company, Covidien PLC. (Medtronic plc.), Coloplast A/S, Smith & Nephew plc., Nordson Corporation, Plasma Etch, Inc., Adtech Plasma Technology Co., Ltd., and P2i Ltd.

Key Benefits:

•The report presents the market analysis of the global cold plasma market along with the regional trend and future estimations.

•It provides extensive information about the market segments from 2016 to 2023 to understand market dynamics.

•The key factors that drive, hamper, or provide opportunities to the market are provided in the report.

•Competitive landscape of the industry along with the profile analysis of market players is provided in the report.

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